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Asian Paints provides update on indirect subsidiary Berger International, Singapore

Capital Market 

Berger International, divests entire stake in Lewis Berger (Overseas Holdings)

announced that Berger International, (BIPL), indirect subsidiary company of the Company, has on 16 June 2017 entered into a 'Share Purchase Agreement' with ANSA Coatings International , St. Lucia ('ANSA Coatings') for divestment of its entire stake in Lewis Berger (Overseas Holdings), UK ('LBOH'), wholly owned subsidiary of BIPL, which in turn holds stake in the following companies:

100% stake in Barbados Limited ('BPBL'), a company incorporated under the laws of Barbados;
51% stake in Jamaica Limited ('BPJL'), a publicly listed company incorporated under the laws of Jamaica; and
70% stake in Trinidad Limited ('BPTL'), a publicly listed company incorporated under the laws of Trinidad and Tobago.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 16 2017. 17:42 IST
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